Seaway Bank President Appointed to State Banking Board of Illinois

Walter E. Grady, President and CEO of Seaway Bank and Trust Company, has been appointed by Gov. Pat Quinn to serve a four-year term on the State Banking Board of Illinois.
 
Jan. 5, 2012 - PRLog -- CHICAGO (January 4, 2012) – Walter E. Grady, President and CEO of Seaway Bank and Trust Company, has been appointed by Gov. Pat Quinn to serve a four-year term on the State Banking Board of Illinois.

“It is an honor to serve the State of Illinois as a member of this board,” said Mr. Grady.  “The people of the state, as well as the financial industry, will benefit from the collective experience this Board can offer,” he said.  

The 11-member Board provides advice and guidance to the Director of Banking with respect to the supervision and regulation of state chartered banks and trust companies.  It has specific statutory responsibilities in the event of an appeal of a removal order, wherein a person can be removed from the banking profession for specific cause.  It also serves as the Board of Trustees of the Illinois Bank Examiners' Education Foundation and approves investments and expenditures of Foundation funds.   All appointments are subject to confirmation by the Illinois Senate.

Walter E. Grady became the President and CEO of Seaway Bank in 1980, after having worked for the bank for 8 years, and is the longest serving bank president in the Chicago area.   Under his leadership, Seaway Bank and Trust Company has become one of the largest Black-owned banks in the country.  He has served on many boards, including the Illinois Bankers Association, Illinois Commission on Volunteerism and the United Methodist Foundation, and has been recognized with numerous citations for his outstanding community and civic work.  After serving in the United States Air Force (1960-’65), he earned a Bachelor of General Studies degree and an MBA from Roosevelt University in Chicago.
 
About Seaway Bank and Trust Company
Established in 1965, Seaway Bank and Trust Company is a full-service commercial bank that emphasizes quality service and community commitment and is one of the largest Black-owned banks in the nation.  Assets have risen from $5 million during the first year of operation to more than $639 million in 2011.  Seaway Bank has nine branches in the Chicago area, a branch in Milwaukee (WI) and foreign currency exchange centers and banking outlets at O’Hare and Midway international airports.  

For more information about Seaway Bank and Trust Company, call VP/Marketing Officer Claudette Harris at 773-602-4865 or visit http://www.seawaybank.us.  Seaway Bank and Trust Company is an FDIC member and an Equal Housing Lender.

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